Category: Popular News

New IPP power deals could save Pakistan Rs1.4tr, says Mishal report

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power

ISLAMABAD: Mishal Pakistan has released its Pakistan Reforms Report 2026, saying the country has made large-scale progress on governance reforms over the past year, and that the energy sector led the reform effort, accounting for 40% of the total. The report says more than 600 reforms were implemented across 135 institutions, describing this as a fivefold increase in the scale of reforms compared with the previous year. It also adds that new agreements with Independent Power Producers in the power sector could result in expected savings of Rs1.4 trillion. On…

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CM Sindh, WB President align on jobs-first growth, water security, human development

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LARKANA (February 4th, 2026): World Bank Group President Ajay Banga, Sindh Chief Minister Syed Murad Ali Shah, and Mrs Ajay Banga pose for a photograph with flood-affected women displaying land titles for their newly reconstructed houses in Bahwal Jat village.

KARACHI (Feb 4): Sindh Chief Minister Syed Murad Ali Shah held an in-depth meeting with World Bank Group President Mr Ajay to align Sindh’s development priorities with the World Bank’s jobs-first global strategy and Pakistan’s 10-year Country Partnership Framework (CPF 2026–2035).Welcoming the World Bank delegation, the Chief Minister acknowledged the Bank’s continued support in achieving Sindh Vision 2030, noting that active World Bank–funded projects in Sindh currently total $ 3.86 billion across multiple sectors. He emphasised that the CPF is fully aligned with Sindh’s long-term development roadmap.The meeting was attended…

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Wafi Energy Pakistan conducts free eye camp for Retailers in collaboration with LRBT

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collaboration with LRBT

Karachi, Pakistan, February 04, 2026 – Wafi Energy Pakistan Limited (WEPL) organized an eye camp for its retailers in partnership with Layton Rahmatulla Benevolent Trust (LRBT), providing free eye screening to help ensure healthy eyesight among the retailer community.As part of its ongoing community outreach initiatives, WEPL continues to collaborate with trusted healthcare partners like LRBT to deliver accessible medical services to communities where it operates.Commenting on the initiative, Zubair Shaikh, Chief Executive Officer of Wafi Energy Pakistan Limited, said: “Wafi is committed to being a responsible neighbour, contributing to…

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Standing Committee Directs Sindh to Clear Power Dues of HESCO, SEPCO

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HYDERABAD: The Standing Committee on the Power Division has directed the Sindh government’s Finance, Irrigation and Energy departments to ensure prompt payment of reconciled electricity dues owed to Hyderabad Electric Supply Company (HESCO) and Sukkur Electric Power Company (SEPCO). The directive was issued during a committee meeting held at HESCO’s Power Wing Colony under the chairmanship of MNA Muhammad Idrees. The meeting reviewed the performance of both utilities over the past three years, including recoveries, losses, staffing issues, ongoing power projects and the overall electricity supply situation in their respective…

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Industrialists, Exporters Welcome PM’s Relief Package; OICCI Seeks Time on Super Tax Demands

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KARACHI: Industrialists and exporters have welcomed Prime Minister Shehbaz Sharif’s recently announced relief package, terming it a timely intervention to ease cost pressures on businesses, even as foreign investors expressed concern over the Federal Board of Revenue’s (FBR) issuance of super tax demand notices with a payment deadline of January 30, 2026. The prime minister announced a reduction of Rs4.04 per unit in electricity tariffs, wheeling charges of less than Rs9 per kilowatt-hour for industry, a cut in the export refinance scheme rate to 4.5 percent from 7.5pc, and the…

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